Cascend Securities downgraded shares of General Motors (NYSE:GM) (TSE:GMM.U) to a buy rating in a research note released on Tuesday morning.

A number of other equities analysts also recently issued reports on the company. Vetr downgraded General Motors from a strong-buy rating to a hold rating and set a $43.99 price target on the stock. in a research report on Monday, December 4th. Barclays reissued an overweight rating and set a $57.00 price target (up previously from $55.00) on shares of General Motors in a research report on Friday, December 1st. Morgan Stanley reissued a hold rating and set a $43.00 price target on shares of General Motors in a research report on Tuesday, November 28th. Bank of America reissued a buy rating and set a $57.00 price target on shares of General Motors in a research report on Tuesday, November 28th. Finally, Guggenheim raised General Motors from a neutral rating to a buy rating and set a $37.00 price target on the stock in a research report on Monday, November 20th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $43.70.

General Motors (NYSE GM) remained flat at $$42.02 on Tuesday. The company’s stock had a trading volume of 13,630,268 shares, compared to its average volume of 13,101,538. General Motors has a 52-week low of $31.92 and a 52-week high of $46.76. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54. The firm has a market cap of $59,685.55, a P/E ratio of 6.79, a P/E/G ratio of 0.73 and a beta of 1.54.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.25. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The business had revenue of $30.48 billion for the quarter, compared to the consensus estimate of $29.93 billion. During the same quarter in the prior year, the company earned $1.72 EPS. The business’s revenue was down 16.6% compared to the same quarter last year. equities analysts anticipate that General Motors will post 6.24 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, December 8th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Thursday, December 7th. General Motors’s payout ratio is currently 77.95%.

In other General Motors news, insider Alan S. Batey sold 234,274 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $38.04, for a total value of $8,911,782.96. Following the completion of the sale, the insider now owns 67,548 shares of the company’s stock, valued at $2,569,525.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Thomas S. Timko sold 44,791 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $44.46, for a total value of $1,991,407.86. Following the completion of the sale, the chief accounting officer now directly owns 66,838 shares of the company’s stock, valued at approximately $2,971,617.48. The disclosure for this sale can be found here. In the last three months, insiders sold 1,059,526 shares of company stock valued at $44,428,425. Corporate insiders own 0.04% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in General Motors by 4.0% in the second quarter. Vanguard Group Inc. now owns 93,414,041 shares of the auto manufacturer’s stock worth $3,262,952,000 after acquiring an additional 3,560,717 shares in the last quarter. BlackRock Inc. boosted its holdings in General Motors by 1.1% in the second quarter. BlackRock Inc. now owns 78,753,259 shares of the auto manufacturer’s stock worth $2,750,849,000 after acquiring an additional 850,211 shares in the last quarter. Berkshire Hathaway Inc. boosted its holdings in General Motors by 20.0% in the second quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock worth $2,095,800,000 after acquiring an additional 10,000,000 shares in the last quarter. Capital World Investors boosted its holdings in General Motors by 5.0% in the second quarter. Capital World Investors now owns 31,327,192 shares of the auto manufacturer’s stock worth $1,094,259,000 after acquiring an additional 1,500,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in General Motors by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock worth $601,683,000 after acquiring an additional 331,621 shares in the last quarter. 73.06% of the stock is owned by institutional investors and hedge funds.

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About General Motors

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

Analyst Recommendations for General Motors (NYSE:GM)

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